SQUAWK BOX, MONDAY 14TH DECEMBER, 2020

The UK and the EU have agreed to "go the extra mile" with Brexit trade talks, sending sterling higher. This, after Commission President Ursula von der Leyen and British Prime Minister Boris Johnson held a phone call on Sunday. The UK will revert to WTO trading rules if a deal isn't struck before December 31, while parliaments on both sides will also need to ratify any deal. Germany will go into a full lockdown over the Christmas period amid a rise in coronavirus deaths and infections. Non-essential shops and schools will close across the country starting on Wednesday. The vaccine rollout is now underway in the US, after the FDA granted an emergency approval for the Pfizer and BioNTech vaccine. The US government plans to deliver up to 3 million doses in the first 24 hours.